Capital Markets

Homburger News

Homburger advised, inter alia, UBS AG on the establishment of and first issuance under the Liechtensteiner Pfandbriefe Programme of Liechtensteinisches Pfandbriefinstitut AG

On March 25, 2026, Liechtensteinisches Pfandbriefinstitut AG established a program for the issuance of Liechtensteiner Pfandbriefe issued by Liechtensteinisches Pfandbriefinstitut AG, with UBS AG, LGT Bank AG and Liechtensteinische Landesbank AG acting as dealers under the program. The Liechtensteiner Pfandbriefe issued under the program will be indirectly backed by a portfolio of mortgages in accordance with the Liechtenstein Pfandbrief Act.
On April 24, 2026, Liechtensteinisches Pfandbriefinstitut AG completed its inaugural issuance of Liechtensteiner Pfandbriefe under the program in an aggregate principal amount of CHF 250 m, consisting of CHF 150 m 0.65% Liechtensteiner Pfandbriefe due 2031 and CHF 100 m 0.90% Liechtensteiner Pfandbriefe due 2036. The Liechtensteiner Pfandbriefe are governed by Swiss law, have been assigned a ʻAaaʼ rating by Moody’s and will be listed on the SIX Swiss Exchange. UBS AG acted as Sole Bookrunner and Joint Lead Manager and LGT Bank AG and Liechtensteinische Landesbank AG acted as Joint Lead Managers.
The Homburger team was led by Stefan Kramer (Capital Markets) and included Daniel Hulmann, Olivier Baum and Yulia Shaburnykova (all Capital Markets) as well as Stefan Oesterhelt (Tax).

Financing

Homburger advised UBS Switzerland AG with regard to BACHEM HOLDING AG’s CHF 500 m revolving credit facility

Homburger acted as counsel to UBS Switzerland AG in its capacity as Coordinating Bookrunning Mandated Lead Arranger, Original Lender and Agent in connection with BACHEM HOLDING AG’s new CHF 500 m revolving credit facility agreement.
Homburger advised UBS Switzerland AG as well as the other syndicate banks with regard to all legal aspects of the financing transaction.
The Homburger team was led by Daniel Haeberli and Stefan Bindschedler (both Financing) and included Yulia Shaburnykova (Financing) as well as Stefan Oesterhelt (Tax).

Investment Products

Homburger advised Roche Holding in the refinancing of its USD 7.5 bn revolving credit facility

On March 6, 2026, Roche Holding AG, Roche Holdings, Inc. and Roche Finanz AG entered into a Swiss law governed USD 7.5 bn revolving credit facility agreement arranged by and syndicated among twelve international banks, coordinated by Deutsche Bank.
The Homburger team was led by Jürg Frick and Stefan Bindschedler and included Samuel Fäh and Yulia Shaburnykova (all Financing, Investment Products) as well as Stefan Oesterhelt (Tax).

Yulia
Shaburnykova

Homburger advised, inter alia, UBS AG on the establishment of and first issuance under the Liechtensteiner Pfandbriefe Programme of Liechtensteinisches Pfandbriefinstitut AG

Homburger advised UBS Switzerland AG with regard to BACHEM HOLDING AG’s CHF 500 m revolving credit facility

Homburger advised Roche Holding in the refinancing of its USD 7.5 bn revolving credit facility

Join the Team

Yulia Shaburnykova

Career

Languages

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YuliaShaburnykova

Homburger advised, inter alia, UBS AG on the establishment of and first issuance under the Liechtensteiner Pfandbriefe Programme of Liechtensteinisches Pfandbriefinstitut AG

Homburger advised UBS Switzerland AG with regard to BACHEM HOLDING AG’s CHF 500 m revolving credit facility

Homburger advised Roche Holding in the refinancing of its USD 7.5 bn revolving credit facility

Join the Team

Yulia Shaburnykova

Career

Languages

Teams

Yulia
Shaburnykova